Benzinga - by Khyathi Dalal, Benzinga Staff Writer.
Cryptocurrency markets are down on Wednesday as major governments are liquidating Bitcoin holdings.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $60,979.32 | -1.7% |
| Ethereum (CRYPTO: ETH) | $3,410.19 | -0.1% |
| Solana (CRYPTO: SOL) | $137.84 | -0.7% |
| Dogecoin (CRYPTO: DOGE) | $0.1241 | -2.9% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001737 | -3.3% |
Notable Statistics:
- Bitcoin Spot ETFs reported a total net inflow of $31 million for the first time in a week after consistent net outflows.
- IntoTheBlock data Bitcoin large transaction volume dropping 33% and daily active addresses falling 14%. Exchanges netflows are down 182.9%.
- Coinglass shows 34,447 traders were liquidated in the past 24 hours for $75.9 million.
- TreeNewsrshows that U.S. regulators are likely to approve Spot Ethereum ETFs for launch by July 4.
- Ethereum ETFs Poised For $15B Influx In First 18 Months, Says Bitwise CIO Matt Hougan
- German Authorities Sell $15M More In Seized Bitcoin
- Argentinian President Javier Milei Advocates For Bitcoin, Opening Doors To Digital Currency Revolution
- U.S. Offers $5M Reward For Information On Crypto Fraudster Ruja Ignatova
Top Gainers:
| Cryptocurrency | Price | Gains +/– |
| Fetch.ai (CRYPTO: FET) | $1.82 | +14.3% |
| SingularityNET (CRYPTO: AGIX) | $0.7407 | +11.5% |
| Lido DAO (CRYPTO: LDO) | $2.48 | +7.7% |
Trader Notes: Notable crypto trader Seth posted stated the "Bitcoin daily candle just got rejected by the 7 EMA." He added that the daily RSI has not been this low since August 2023.
Another trader sees a sell signal for Bitcoin:
#BitcoinDon't forget:
A red signal has appeared in the "Better RSI" for $BTC.
Over the past two years, this signal has ALWAYS predicted that Bitcoin is very close to bottoming out or has already reached the local bottom‼️
A bottom could form here.